fishin season
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Out for the drop but I'll be back
Enterprise Products Partners (EPD) posted Q1 earnings Tuesday of $0.63 per diluted unit, up from $0.59 per unit a year earlier.
Never worry the distribution is in danger of coverage here.
Best of the MLP's imho
-pete
That would be the kind of thing a bartender would say.
Taste over content of alcohol is more important to the customer side of the bar I think. I liked their lager. Not so much Guiness. I did not like the long wait for the foam to settle either.
And after my youth and before coming of legal age playing those chugging games with my fellow partiers, I had enough of the "buzz" and effects on driving ect. Very lucky that way, lol.
Strangely the culture is so different from Canada, where the % of DWIs is there well below USA, and noticeably more responsibly avoided. Canada has buses set up to avoid the problem. (illegal to drink on them btw but not well monitored)
The truth is a bigger % of the driving population here is over the limit and willing to risk it thinking they are in control their addiction.
In the end of my beer days I sought the lightest of lights for taste only, more so on 90 degree days. If it ever warms up here I have some in the back of the fridge.
Sláinte
When I was over the pond 20 years ago I noticed most European countries serve Bud as their American offering. The stock is strangely a part of a bigger Belgian/Brazil Multi-nat beverage company. It used to be NBEV ticker I think. Clearly the BUD ticker drove and still drives the bus.
Interesting to watch the implosion on an international level. They tend to be less concerned about the BS and will continue I suspect to buy and sell our barley pop.
They won't miss my few cans a year habit,
Pocahontas's either, but hopefully over half the population will crush a different can.
HOLD MY BEER!
In this case the one on the left (in the picture).
Two executives at Bud Light have taken sudden leaves of absence, including the company’s vice president of marketing,
Bye Bye Bud.
How is it that $EXMGF got through the red tape so quick?
Same place and time, perhaps even the same copper. What about patent to use acid injection?
Long both now cuz it only cost .20 to play! 1/8 the cost here. 6 months from now Q's will be answered.
Is EPA a pay to play secret scam misunderstood by Canadians?
Longs here need only read the headline and summary.
https://seekingalpha.com/article/4594748-enterprise-products-partners-perfect-7-3-percent-yielding-aristocrat-for-recession?mailingid=31225371&messageid=2800&serial=31225371.32223&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=31225371.32223
GLTA!
-pete
Don't forget to take profit, even small as this fluid royalty trust dipped big today on small monthly dividend announced.
I sold and protected my gain before it tanked, but I will be back as it already has recovered a bunch.
I will wait for more of the scared to to sell so I can buy again and sell to the greedy. Circumstances involving the new trust agent could surface as well because they (Argent Trust Company) were recently put in charge and may have been allowed to change something from the previous Simmons Bank management's ethical treatment of the funds.
Please share any insight you can acquire with your DD, as I will.
GLTA!
-pete
Badfinger?
Bob doesn't care who covers his songs or what his heirs will be paid. He did not want to take the music anywhere, just sing and play his tunes.
Mr. Zimmerman from Hibbing, MN was glad to get away from the younger days in that iron ore town of union closed mindedness.
Good posts today, Correctly done DD. Thanks everyone... I was hoping more longs would join the discussion so I put as much info together and posted it in 4 posts to be added as moderator. I discovered why it stopped paying, and when they called with the proxy I voted no. I believe the Texas owner W/6+mm did also. They got it approved to change to Argent Trust Co. from Simmons Bank, but no change to the basic pay formula was approved in the proxy.
A rare find and under the radar for all the right reasons. We are going to be rewarded while Exxon Mobile will be supplying these energy royalties. I believe they will be happy sending the energy to expensive California too via pipeline. If they offer the guy in Texas enough for his 6mm shares they could proxy a buyout, but as posted out it will be at least 10X the .20 attempt back then.
Each month I plan to add shares while it dips between payouts and sell a portion that are green above the amount of payout up to the 2 days prior Ex date (which includes the settlement period). I sold today on the rise due to Monday being Ex date and shares bought today won't be "settled": till after it trades Monday. Check with your brokerage for more information. My cost basis went from 1.85 on 50K shares to .60 this week, on 20K left by taking profit.
I found an even better RT but only because it is set up like an MLP. Non taxed payouts... There is no ihub board so I will share in PM as per request. I prefer it stays with longs. If volume ever goes to 7 figures daily it won't matter. This one had two days above 600K volume this week.
Diamonds in the rough.
GLTA!
-Pete
One person in Texas holds over 6 million shares. I am guessing they were lobbied heavily regarding the recent proxy vote.
A recent change in the trust management did not adversely affect the stock.
The Simmons bank in Texas that was managing the payouts of several trusts decided to get out of the business of managing trusts and stick to banking. Argent Trust out of TN will manage it. There is no board of directors of a trust stock so no insiders paying themselves to sit on a board. The producing wells are from XTO energy which was acquired by Exxon Mobile. Longs were all sent letters and called to vote on the proxy. It was postponed till they could get enough votes to pass it.
No worries
Monthly royalty trusts in certain regions and positioned by their history coming out of a class action payout ending, will continue to pay imo, so follow the underlying commodity price and the amount will mirror the % move.
HGTXU is one
-pete
Low volume under the radar high yield no board of directors paying themselves
80% yield works for me!
Can you picture a weaker president? FDR was able to fool most but it was a time when a president felt he needed to be seen as a leader and he was able to somewhat disguise his inability to walk. He did not need to disguise the ability to think. Many conservatives at least respected that. While my ancestors didn't vote or agree with him, they responded as patriots in B17s and on Dday.
Any who can think these days know Joe will not be a 2 term spectacle. The bet is can he finish one?
Even Dums who can think know that. Hopefully we can hold the place together for 20 more months while Schmucks like Chuck take turns holding Joe up!
HIYA, storky
You can't make it up!
They also decided to give drivers licenses to illegal immigrants,... where are the insurance company's lobbyists?
Guess they flew south for the winter.
smarter 'n me.
Held some very long term and forgot about it........ thankfully. (in the sock drawer )
The pictures I uploaded of the original RCEL device and Dr. Wood with her accomplishments are still here too.
Some day I hope to visit her homeland.
She is a gift from God to the human race, and all creatures with epidermal organs known as skin.
Best of luck to all the longs here!
-pete
I propose a new headless coin....
Warren on one side and Haley on the other.......
As a 1/64th or is it 1/128th? native indigenous person who discovered a while back that a distant Mohawk woman was a direct ancestor I can report.
COLUMBUS WAS WRONG
We have known that for over 700 years
signed: Hihowareya Hihowareya
(those were my likes)
-pete
Got a blanket mailing from Shmuck Schumer requesting a donation but before I opened it I stopped by the trash and did a Nancy Pelosi "State of the Union" and took off my name on the the half of it was on.
Hope he still thinks I am a liberal
? My wife is a retired teacher.......... But it was mailed to me.
Good morning
-green volume
Easy 10% flip
Don't be greedy, sell to the greedy!
Rinse and repeat.
JMO
pete
If you get depressed like I do about the @#$%^ left, I listen to this advice.
Happy February Tom!
We are used to smiling as ancient EPD longs
They cover their generous distribution with plenty of margin for unforeseen events. No worries with overpromising because they deliver, Cover distributions by a strong margin. Have strong cash for Capex
20+ years of never a reduction of payouts says it all. Worst case they went flat for a period @ around 40cents,? if I remember right.
Now they have resumed distribution growth. .49 is great but the big picture is the confidence they give us for this investment. Over 25% of the stock is owned by nearly 1300 institutions.
They have a strong stock buy back philosophy.
best of the best.
Sleep well!
-pete
GM KK
Thanks! LIG cuz I am used to white wet cement. Plan accordingly (stay inside)
Even the left knows they won't be able to elect the fakester again.
I kicked the local fish wrap to the curb and read the Epoch Times.
Kash Patel's Headline from yesterday:
Kash Patel: Classified Docs Scandal Meant to Stop Biden from Running in 2024
But a far bigger bag of lefties needs to be included in the dust bin of history. They're going to panic as the weeks and months go by and more folks become awake, not woke. [/I]
Just my optimism leaking out......
Bongino ties it together:
The documents are evidence. The cracks in the dam are getting big, lol.
https://rumble.com/v26f4iy-you-will-not-believe-whos-senior-director-at-penn-biden-center-where-docs-w.html
Remember why the swamp smells: I find it so interesting that ROMNEY, PELOSI, KERRY, and BIDEN, all had children working for Ukrainian Oil and Gas exploration companies.
So much more old news but well organized:
(Joseph Goebbles would be so proud of our media)
https://truthnewsnet.org/powerful-politicos-implicated-in-ukraine-gate-eight-and-counting/
Several Seeking Alpha articles were posted today. All were favorable.
Normal day
GLTA!
https://seekingalpha.com/article/4570846-enterprise-products-stock-even-more-attractive-following-dividend-increase
https://seekingalpha.com/article/4570899-enterprise-products-partners-stock-at-a-fantastic-price
https://seekingalpha.com/article/4570844-enterprise-products-partners-lp-offers-long-term-value
I flipped some and will buy them back. Core 80% will go to heirs and be stepped up basis as mine are free but booked at half the share price. Free from 20+ years of capital returned as a limited partner and tax sheltered. Any lots that survive a year become core.
Why does the price go up and down several dollars between the distributions?
The reason is over 1200 institutions are moving in and out to justify the fees they charge their clients. Research will show it goes with the money flow.
Channel traders are taught to ignore everything except the channel and sell the top (short if you don't own) and buy the bottom. Huge float means there are always share somewhere to "borrow", plus MMs can naked short.
I have followed EPD for over 20 years and 30+ years ago my old man explain why he like Dan Duncan the founder. Great leader and responsible steward of our money.
24 years of never dropping the dividend. Best run energy company on the planet IMHO. even in renewables.
Sleep well!,
-pete
Leech, letch (both descriptions work)
1. Leech. Any of various chiefly aquatic carnivorous or bloodsucking annelid worms
2. Letch. (hair sniffing, baby sitter banging)
A strong, especially sexual desire or craving.
A lecher.
An almost stagnant ditch. (almost?)
Biden’s Senior Moment of the Week (Vol. 24). 1.49
Wolfe Research upgrades EPD to outperform
Clearly a bargain
Very good earnings
Between now and the deadline imposed to stay on the exchange there is a lot of money to be made on IMPP. Most including myself will sell at a double and not wait for the potential home run..... (4X).
It makes no difference to me if they decide to reverse split the stock in the future.
At that point I would let it settle as the traders sell off and it becomes a bargain again.
Do your own research, don't do what others recommend without it.
-pete
Neither
As a long term student of Simon and holder of PED his goal IMHO is to grow the company into a highly respected and valuable energy company. He does not need the money or wish to just have more and not be involved. His expertise is energy.
Simon Gregory Kukes is a Russian-born American chemist and retired oil industry businessman. He immigrated to the US to work in the oil industry in the late 1970s, and returned to Russia with AMOCO in 1995. He became vice president at YUKOS, president of TNK-BP from 1998 until 2003, and returned to head Yukos, replacing Mikhail Khodorkovsky. Officially retired he is still consulting in the oil businesses. Holding various positions over the years, Dr. Simon Kukes has served as the principal of his personal investment company, SK Energy LLC, since April 2013. He is the CEO and Director of PEDEVCO Corp. His commitment to the oil and gas industry has inspired Dr. Simon Kukes to publish more than 60 scientific papers and two books on the oil and gas industry of Russia and the United States. He is also the holder of more than 130 patents, primarily in Oil and Petrochemical
He is mid 70's but active and will remain actively growing PED. He has set up his personal Fund SK LLC for his family and legacy. Most of PED is owned through SK.
-pete
As previous poster pointed out
The price of a share is substantially below the REAL EARNINGS per share.
This is not a pump and dump PPP (pink penny play).
Beg against it and you will earn a free hug from the market.
1. Traders get alerted to the real income and cash of IMPP with its growing fleet in demand.
2. Momentum starts
3. Volume spikes.
4. You start selling ........ $$$
This is your friendly warning.
-pete
Do some research
tick tock as a change is afoot Sherlock and your money could double
#Oil #tanker #shipping fleet utilization came in at an estimated 99.5% in 4Q22 vs my forecast of 99.1% from Oct. Avg spot rates at $63,831/d compares with my $61,915/d forecast
— Joakim Hannisdahl (@JHannisdahl) January 4, 2023
Newbuild ordering 86% below my forecast leads a historic low tanker orderbook vs fleet at only 4% pic.twitter.com/Hz1Ij2Vq5T